Revenue of $29.0 million, up 69% compared with the third quarter of fiscal 2014 and 14% from the second quarter of fiscal 2015.
GAAP loss from operations was $15.6 million for the third quarter of fiscal 2015, compared with GAAP loss from operations of $11.7 million for the third quarter of fiscal 2014. Non-GAAP loss from operations was $11.8 million for the third quarter of fiscal 2015, compared with non-GAAP loss from operations of $8.5 million for the third quarter of fiscal 2014.
GAAP net loss per share was $0.70 for the third quarter of fiscal 2015 based on 22.8 million weighted-average shares outstanding, compared with GAAP net loss per share of $0.76 for the third quarter of fiscal 2014 based on 15.6 million weighted-average shares outstanding. Non-GAAP net loss per share was $0.28 for the third quarter of fiscal 2015 based on 42.3 million non-GAAP weighted-average shares outstanding, compared with non-GAAP net loss per share of $0.23 for the third quarter of fiscal 2014 based on 37.9 million non-GAAP weighted-average shares outstanding.
Cash, cash equivalents and short-term investments were $204.8 million at the end of the third quarter of fiscal 2015, compared with $92.4 million at the end of the second quarter of fiscal 2015.
Customer Highlights:
Paid Business Accounts as of December 31, 2014 of 11,270.
Dollar-Based Net Expansion Rate for the quarter ended December 31, 2014 of 132%.
New customers in the quarter included: Capital One Services, CarAdvice.com.au, Casting Networks, Hootsuite Media, Interactive Intelligence Group, Liazon, LiveAuctioneers, Oportun, Slacker, Socialware, Verafin andWalgreens Boots Alliance.
Expanded customer relationships in the quarter included: Adobe Systems Incorporated, Betfair, Bloom That,Citrix Systems, Condé Nast, Coupa, E*TRADE Financial, Gilt Groupe, HolidayCheck AG, LendingClub, Lowcost Travel Group, Manheim, Hautelook, Scholastic and Zendesk.
Third Quarter & Recent Business Highlights:
Completed initial public offering on the New York Stock Exchange, raising $119.9 million in net proceeds.
Recognized as a “Leader” in Gartner’s Magic Quadrant for Application Performance Monitoring for the third year in a row, with the highest position for ability to execute.
Acquired Few Ducks, S.L. (Ducksboard), a Barcelona-based provider of real-time dashboards for tracking business metrics from a broad set of application sources.
Hosted a highly successful FutureStack 2014, New Relic’s second annual user conference, attracting more than 1,200 developers and customers of all sizes.
Announced the general availability of New Relic Browser and New Relic Synthetics, adding to New Relic’s suite of advanced Software Analytics products.
Outlook:
New Relic is initiating its outlook for its fourth quarter of fiscal 2015, as well as the full fiscal year 2015.
Fourth Quarter Fiscal 2015 Outlook:Revenue between $30.0 million and $30.5 million, representing year-over-year growth of between 51% and 54%.Non-GAAP loss from operations of between $11.0 million and $12.0 million.Non-GAAP net loss per share of between $0.23 and $0.25. This assumes 47.2 million non-GAAP weighted average common shares outstanding.
Full Year Fiscal 2015 Outlook:Revenue between $107.0 million and $107.5 million, representing year-over-year growth of between 69% and 70%.Non-GAAP loss from operations of between $37.0 million and $38.0 million.Non-GAAP net loss per share of between $0.90 and $0.92. This assumes 41.3 million non-GAAP weighted average common shares outstanding.